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What are compressed NFTs and minting cNFTs

What are compressed NFTs and minting cNFTs

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Source: Coin Telegraph

Compressed NFTs (cNFTs) are space-efficient NFTs, and to mint them, you need to use a platform that supports cNFT compression and follow the minting process.

Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain. 

With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges. 

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Author: Shailey Singh